Hua Hong Semiconductor, one of China’s top wafer foundries, reported a steep profit drop for the first three quarters of 2025, citing higher costs from new production lines and rising R&D expenses. Third-quarter revenue rose 21.1% year-over-year to CNY4.566 billion (approx. US$640.9 million), while net profit plunged 43.5% to CNY177 million. For the first three quarters, revenue totalled CNY12.583 billion, up 19.8%, but profit tumbled 56.5% to CNY251 million.